Category: Institutional

NEX Group market volumes
May 03, 2017 BY LeapRate Staff

EBS forex volumes down 12% MoM in April to $76.1 billion ADV

Continuing the string of weak volume reports for the month of April 2017 from some of the leading institutional eFX trading venues, NEX Group PLC (LON:NXG) has reported that its EBS unit saw volumes drop by 12% MoM, coming in at $76.1 billion ADV. That marks EBS's slowest month for trading since August 2016. Overall,…

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May 03, 2017 BY Valentina Kirilova

Disruptive big data company Quantexa begins European expansion

Quantexa, the disruptive big data and analytics company backed by HSBC and Albion Ventures, announced that has opened a new office in Brussels. Further offices in Sydney and New York are due to open within the next 12 months. Following on from last month's $3.3 million fund raising, Quantexa's expansion reflects a growing customer base…

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May 03, 2017 BY LeapRate Staff

PositivaFX hires easyMarkets forex veteran Dominic Poynter as Head of Marketing

LeapRate Exclusive... LeapRate has learned that Limassol, Cyprus based institutional FX liquidity provider PositivaFX has hired Dominic Poynter as its new Head of Marketing. Dominic Poynter is joining PositivaFX after spending the past three years at retail forex broker easyMarkets as its Director of Marketing Operations, including overseeing that company's rebranding from easyForex to easyMarkets…

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May 02, 2017 BY admin

Nonbank FX market maker XTX Markets announces Eric Swanson as U.S. CEO

XTX Markets today named Eric Swanson as Chief Executive Officer of XTX Markets (Americas) effective June, 1st 2017. Mr. Swanson is a securities industry veteran, most recently serving as the General Counsel and Corporate Secretary of Bats Global Markets, Inc. since 2008. Prior to joining Bats, Mr. Swanson served for more than a decade in…

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May 02, 2017 BY Valentina Kirilova

TriOptima adds margin valuation adjustment analytics for OTC derivatives to triCalculate XVA

TriOptima, a NEX Group (LON:NXG) business which lowers costs and mitigates risk in OTC derivatives markets, announced today that it has added MVA (margin valuation adjustment) analytics to its triCalculate XVA (X-Value Adjustment) service. MVA calculations determine the lifetime costs of posting initial margin as part of the pricing of an OTC derivative. TriOptima is…

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Broadridge presents new securities lending assessment solution for mutual funds
May 02, 2017 BY Valentina Kirilova

Broadridge appoints Eric Bernstein as President of Investment Management Solutions

Broadridge Financial Solutions, Inc. (NYSE:BR) announced that it has appointed Eric Bernstein as President of Broadridge Investment Management Solutions. Broadridge Investment Management Solutions supports more than 225 global hedge funds, asset managers, family offices, fund administrators and prime brokers. Its modular suite of investment management solutions combines portfolio management, order management, risk management, reference data…

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Hotspot FX volumes
May 02, 2017 BY LeapRate Staff

Hotspot FX April forex volumes down 7% MoM to $27.7 billion ADV

Institutional Forex ECN Hotspot FX has reported that April trading volumes decreased by 7% MoM from March, clocking in at $27.7 billion average daily volume for the month. Hotspot’s April figures begin a parade of what we believe will be weak volume reports in the FX sector, following what was a fairly strong March at many…

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